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Lakebridge Housing Market Update
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Mitchell Scrimgeour

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Hi Neighbors,

I noticed a post on the neighborhood FB page yesterday where concerns were shared about prices in the neighborhood. When I see questions like that around price, I always seek to understand where that question might be coming from. Typically I receive that question for a few reasons.


Here's what they are:


How much is my home worth?


Am I losing equity in my home?


Is the market crashing?


How is the neighbors home being priced? (Not all real estate agents price homes the same.)


There are a few factors at play which I'm sure most of you are aware of by now.


Interest rates, low Inventory, and the economy. They all have an effect on the housing market.


Interest rates are the first thing I will touch on


I wanted to make sure you all are informed of the real estate market in our neighborhood and community. Below you will find the latest data, visual graphs, and property information for homes that have sold in our neighborhood this last year. I've also included our concierge list that many of you have found quite valuable this past year.

This will help give you a better idea of what your home value might be. If you would like a more accurate number of what your home could sell for I would be happy to stop by and we can sit down and go over the market together. Coming up with a neighbor has many variables as the market is changing week after week.


Fun Fact: 148 Previously owned homes have been sold in our neighborhood. We are grateful to be apart of 20 of them!

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About me

Thank you for taking the time to review this information. 


"This business has given me the pleasure of meeting some amazing people. When I first started in real estate, I thought this business was about being a great salesperson. What I've realized is you're dealing with real people and they don't

want to be sold. 


They want the information so they can make the best decision for them and their family. I study the market daily to make sure my clients are the most knowledgeable when it comes time to decide what's best for them."

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Lakebridge Market Analysis

There were 15 sales in the Lakebridge neighborhood this last year, while two are currently active. Which is up one home sale from the previous year. The average home price of homes in our neighborhood is at $630,000.

Home Value and Equity Position Evaluation Tool

This is a great tool that my friends, family, and clients have loved as it keeps them updated monthly on their equity position and all the options going forward with the equity.

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Recent Victoria Market Update

This is the most recent market update that is posted by Minneapolis Area Realtors. While many headlines are speaking of home prices dropping this last year. When you look at the Rolling 12 month average, we have seen a 17% increase over the last year. New construction has played it's part in that increase. Victoria is still one of the most desirable communites on the west side.

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Darreyl Walker, Your Lakebridge Handyman

Darreyl has been a huge asset to our real estate group as well as many neighbors that live in Lakebridge. Any time something has needed fixing or I needed help with a home improvement. He always finds a way to get the job done and done very well. There really isn't a project he can't do. Please keep him in mind as things come up around your home. Darreyl Walker (573) 429-5287

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Concierge List

This list of vendors has been recommended by current and past clients. Please feel free to use this as a resource as items come up that you may need professional help resolving.

Where We Have Helped Families Since 2020

Here is a map of where my group has helped families since the beginning of 2020. We pride ourselves in providing a service that anticipates our clients needs. While doing this we have consistenly sold our listings for 5% more than the average agent and been able to help buyers find homes off market, and negotiate terms that benefit our clients.

Author

Thank you for taking the time to look through my presentation. If selling your home is a part of your goal in 2023 or beyond, I would appreciate the opportunity to earn your business and be your trusted resource.

Please don't hesitate to reach out with any questions.

Mitchell Scrimgeour
Realtor, The Scrimgeour Group - eXp Realty
612-481-4467
mitchell@scrimgeourgroup.com 

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